Schedule 112A not showing loss
This query is : Resolved
24 June 2023
Hello, previous FY, I had sold quite a few shares which had been bought before 31st Jan 2018. But the IT portal is not showing loss in cases where it should. Taking example of Aurobindo Pharma:
1) 9th May 2017: 594 (Original COA)
2) 31st Jan 2018: 635.5 (FMV)
3) 31st Mar 2023: 516.45 (Sale Price)
Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it's showing approx. 0 (after removing the 'Expenditure wholly and exclusively in connection with transfer' part).
This is happening for all cases where Sale Price is lower than Original COA & FMV. Am I doing something wrong here? Or this is how it's supposed to be?
Thanks.
1) 9th May 2017: 594 (Original COA)
2) 31st Jan 2018: 635.5 (FMV)
3) 31st Mar 2023: 516.45 (Sale Price)
Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it's showing approx. 0 (after removing the 'Expenditure wholly and exclusively in connection with transfer' part).
This is happening for all cases where Sale Price is lower than Original COA & FMV. Am I doing something wrong here? Or this is how it's supposed to be?
Thanks.
24 June 2023
You calculation is correct. There seems to be bug in the utility. File complaint under 'Grievance.'
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